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E&L

Active
Private limited companyfounded 2011active for 15 yearsSteenweg 230, 9810 Nazareth-De Pinte, BelgiumKBO/BCE: BE 0839.864.897
Summary

E&L has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,843 and a net result of €28,629. Equity is shrinking by about 13% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 56% of 5,689 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow ReportCompare
E&LActiveChecked score 71/100
Risk analysis ReportCompare

Overview

Activity
Day spas, saunas and steam baths
NACE 96230
1 site
Size
≈ €140,000turnover 2025, estimated
Staff
0.9 FTE
Equity
€13,843
Profit
€28,629
Turnover estimated from the gross margin
Financial health
71 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
2025 accounts filed 23 days late1 of 19 deeds summarised
Why 71raises riskLast filed accounts filed 24 days late; 1 of the last 3 lateLiquidity: current ratio 1.52, cash €157lowers riskFounded in 2011Size: total assets €40,722Show the evidence

Checked score

Score 2025
71 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 64% of its sector peers (NACE 96, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 59+59
equity 34.0% of total assets
Liquidity 15+11
short-term debt 66.0% · cash 0.4%
Profitability 100=
return on assets 70.3%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (7,622 companies, NACE 96, micro)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 1.1%▲ +0.3 percentage points vs 12-2024 02-2025: 1.4%▲ +0.3 percentage points vs 01-2025 03-2025: 1.5%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 0.5%▼ -1.0 percentage point vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025lowest value 08-2025: 0.5%● unchanged vs 07-2025lowest value 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.6%▲ +0.1 percentage points vs 12-2025 02-2026: 0.9%▲ +0.3 percentage points vs 01-2026 03-2026: 0.6%▼ -0.3 percentage points vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.52, compared with 0.39 in 2024, above the usual 1.5; short-term debt: 66% and cash: 0.4% of total assets), but 66% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro): better than 56% on solvency, 13% on liquidity, 93% on profitability and 95% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Last filed accounts filed 24 days late; 1 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 1.52, cash €157
NBB · annual accounts
lowers risk · Size: total assets €40,722
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 2025 accounts filed 23 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-02-2026, 23 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
23 days late
2024
35 days late
2023
15 days late
2022
3 days early
2021
on the day
2020
2 days late
2019
16 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days after the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 15 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end30-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2019 to 2025net €28,629 ▲266%
  3. Liquidity more than triplescurrent ratio 1.52

Key points

  • Positive: Among the best 15% on net resultsector median €2,801 · 5,696 companies €28,629 View
  • Board2 directors in office 2 View
  • Total assets 20256 financial years filed €40,722 View

By topic

Financials

Financial year
2025
Total assets
€40,722
Profit
€28,629
Solvency
34.0%
Total assets▲ 326%
Net result
20192025
Go to Financials

Timeline

Events
20
Since
2013
Next accounts
by 31-01-2027
  1. 07-03-2025Annual accounts filed
  2. 30-06-2024Back to profit
  3. 15-02-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Day spas, saunas and steam bathsNACE 96230
Founded
14-09-2011
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
22
Who signs
Each director alone
Annual meeting
First Monday of December at 18:00
Purpose
“Handelsbemiddeling algemeen; Hostessenwerk; Horeca algemeen; Bouwadvies, epb en alle…” (deed in Dutch)
Go to Articles of association

Key facts about E&L

What is the company number of E&L?
0839.864.897. In Belgium the VAT number is the company number with BE in front: BE 0839.864.897.
Where is E&L based?
The registered office is at Steenweg 230, 9810 Nazareth-De Pinte.Company details
What does E&L do?
According to the KBO register, the main activity is day spas, saunas and steam baths (NACE 96230).
What is the legal form of E&L?
Private limited company (BV).
When was E&L founded?
On 14-09-2011.
Is E&L still active?
Yes, E&L is an active enterprise in the KBO register.
How many employees does E&L have?
On average 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of E&L?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is E&L profitable?
In financial year 2025, E&L made a profit of €28,629.
Where can I find the annual accounts of E&L?
E&L filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of E&L due?
By 31-01-2027, for financial year 2026.Timeline

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